Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 236,337 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 236,337 shares of Unity Software stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now owns 3,161,809 shares in the company, valued at $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tomer Bar-Zeev also recently made the following trade(s):

• On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52.
• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00.

Unity Software Stock Performance

Shares of U stock opened at $25.42 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a market cap of $10.41 billion, a price-to-earnings ratio of -15.13 and a beta of 2.27. The stock has a 50 day simple moving average of $22.94 and a 200-day simple moving average of $21.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Unity Software by 3.5% in the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after buying an additional 488 shares in the last quarter. Tidal Investments LLC grew its stake in Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after acquiring an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on U. Wedbush restated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, February 21st. Morgan Stanley raised their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Barclays boosted their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $25.04.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.